UN Capital Development Fund

The UN Capital Development Fund was created in 1966 by the UN General Assembly. It is an autonomous, voluntarily funded UN organization, affiliated with the UN Development Programme.

The UNDP Executive Board also functions as the UNCDF Executive Board. The Executive Board—officially the UNDP/UNFPA/UNOPS Executive Board—consists of 36 member states from regional groupings that serve on a rotating basis and meet three times per year. About two-thirds of the Executive Board is comprised of programme countries, while the remaining third is made up of donor countries. The Executive Board is subordinate to the Economic and Social Council and, ultimately, the United Nations General Assembly.

The Administrator of UNDP is also the Managing Director of UNCDF. The Executive Secretary has been entrusted with administering the majority of UNCDF operations.

Similar to UNDP, UNCDF receives contributions from member states and international development partners. The financial architecture of UNCDF is comprised of core voluntary contributions, flexible non-core funding, and earmarked funds. In the past decade, UNCDF's annual financing has more than doubled.